3-2 Final Project Milestone: Descriptive Statistics On Data Set 1

Stephanie Elliott
QSO 510 Quantitative Analysis

Listed below are the annual salaries for newly hired plant operators for a chemical

manufacturing company. The data shows that the average for the 12 salaries offered is $75,1956

while the maximum and minimum salaries are $81,655 and $67,956, respectively. There is no

mode for this data set since there is no number that repeats itself. The range (difference between

the maximum and minimum salaries) is $13,699. For this data set, the standard deviation is

$4,686, while the standard error is $1,353. The variance for this sample is 21962862. Finally,

the skewness for this data is -0.10 (skewed to the left), and the kurtosis is -1.44 (less extreme

than the normal distribution).

Descriptive Analysis
Annual Salary Mean 75195.91667
$74,343.00 Standard Error 1352.863083
$70,532.00 Median 74840
$67,956.00 Mode No Mode
$78,024.00 Standard Deviation 4686.455192
$80,197.00 Sample Variance 21962862.27
$69,444.00 Kurtosis -1.436042927
$81,655.00 Skewness -0.092260443
$73,438.00 Range 13699
$79,111.00 Minimum 67956
$75,337.00 Maximum 81655
$71,764.00 Sum 902351
$80,550.00 Count 12